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Supreme Court of Canada to hear appeal from Deloitte over $118-million judgment arising from Livent fraud

June 9, 2016 by Canadian Underwriter

The Supreme Court of Canada announced Thursday it will hear an appeal from Deloitte & Touche, which was sued for $84 million in Ontario by the special receiver for Live Entertainment Corporation of Canada Inc., essentially for failing to detect

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Financial and Consumer Affairs Authority of Saskatchewan issues warning over financial scam

June 6, 2016 by Canadian Underwriter

The Financial and Consumer Affairs Authority of Saskatchewan (FCAA) is warning the public about an ongoing financial scam that attempts to solicit financial information from unsuspecting victims. This scam is committed by persons who claim to be representatives of Financial

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Human error seen as leading cause of information security breaches for small businesses: Canadian survey

May 31, 2016 by Canadian Underwriter

Not enough small businesses in Canada are implementing training programs and establishing protocols to help employees recognize risks to information security despite staff awareness and errors being among the biggest threats, suggest results of Shred-it’s 2016 Security Tracker Survey. Canadian

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Reduced auto insurance accident benefits could influence balance between attendant care, treatment: lawyer

May 12, 2016 Angela Stelmakowich, Editor

The reduced accident benefits under Ontario’s auto reforms may prove a shock to drivers with non-catastrophic injuries, but perhaps should also elicit concern over the potential for treatment to come second to attendant care, suggests Daniel Strigberger, a lawyer with

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IBC launches Provincial Auto Theft Network program in Newfoundland and Labrador

April 26, 2016 by Canadian Underwriter

The Insurance Bureau of Canada (IBC) announced on Tuesday that it has launched the Provincial Auto Theft Network (PATNET) program in Newfoundland and Labrador. The two-day PATNET training session in St. John’s, Nfld., which has drawn interest from law enforcement

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YIPT autonomous vehicles panel addresses product liability, future need for personal auto insurance

April 22, 2016 by Canadian Underwriter

The first fully autonomous cars could be in showrooms in a few years, attendees to the Young Insurance Professionals of Toronto (YIPT) second annual Speaker Panel Series heard last week. “You will see the first fully autonomous cars in showrooms

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Two Alberta men charged in connection with arson of their own business

April 13, 2016 by Canadian Underwriter

The Calgary Police Service (CPS) Arson Unit announced on Tuesday that a father and son have been charged in connection with the arson of their own business. At approximately 2:25 a.m., on Thursday, Sept. 6, 2015, an alarm was triggered

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Vaughan, Ontario man charged following $63,000 insurance fraud investigation

April 12, 2016 by Canadian Underwriter

Just days after the York Regional Police (YRP) announced that they have laid charges in connection with an alleged staged collision in the Township of King, Ont., police said on Monday that they have charged a 36-year-old Vaughan man in

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FBI warns of dramatic increase in business email compromise scams, says US$2.3 billion lost over two-year period

April 8, 2016 by Canadian Underwriter

The Federal Bureau of Investigation (FBI) in the United States has issued a warning of a “dramatic” rise in “business email compromise” scams (BEC) that has resulted in massive financial losses in U.S. cities. From October 2013 until February 2016,

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IBC congratulates police for laying charges in staged collision investigation in Ontario township

April 7, 2016 by Canadian Underwriter

The Insurance Bureau of Canada (IBC) is congratulating the York Regional Police (YRP) for laying charges in connection with an alleged staged collision in the Township of King, Ontario. Investigators with the YRP Major Collision Investigation Unit laid charges against

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SGI CANADA issues warning over “mystery shopper” scam

March 28, 2016 by Canadian Underwriter

SGI CANADA is warning consumers about a “mystery shopper” scam involving fraudulent cheques that appear to be issued by SGI CANADA. Targeted individuals receive a letter from a third party claiming to be contracted by, and on behalf of SGI

Feature

Delving Deeper

March 1, 2016 Debbra Macdonald, President; and Jason Mandlowitz,Chief Executive Officer and Vice President, Administration, 3C Investigations Inc./ International Multi-Cultural Background Information Services

There is a need for enhanced international, multicultural information services as part of current efforts by those in the property and casualty insurance industry to combat fraud. Casting a wider net on what information is collected and considered may be one way to address what looks to be a growing problem.